Oceanfront Residential Income
For Sale
$299,000
2076 S Ocean Drive, Hallandale Beach, FL 33009
Residential, Hallandale Beach, FL
Property Size728 SF
Price / SF$410.71
Days on Market146
Property Features for 2076 S Ocean Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-25
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Parking
1
Window features
Storm Window(s)
Interior features
Walk-In Closet(s)
Appliances
Electric Range, Refrigerator
Subdivision
SEA EDGE CO-OP
View
Ocean
Elementary school
Gulfstream Academy Of Hallandale Beach
Middle school
Gulfstream Academy Of Hallandale Beach
High school
Hallandale
Directions
East of US1 south of Hallandale Beach Blvd
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Active
APN
514226nw0130
Size
728 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SEA EDGE CO-OP UNIT 207
Tax Annual Amount
4428
Expense value
150
Expense
Application Fee
Expense freq.
One Time
HOA Fee
$990 Quarterly
Legal Description
SEA EDGE CO-OP UNIT 207
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Water front
1
Amenities
pool
Building Details
Year built
1963
Flooring type
Tile
Building materials
CBS
Roof type
Concrete
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Yolaine S Bouchard · License #3048241
(954) 274-5670
Added: Apr 18
Changed: Sep 10
Last Checked: Sep 10 at 5:06PM
MLS# B26018008
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 728-square-foot oceanfront residence at 2076 S Ocean Drive includes one bedroom, one bathroom, a walk-in closet, and tile flooring throughout. The kitchen and bathroom have been remodeled, while a tankless water heater, high-impact windows and doors, central air, and ceiling fans add to the existing improvements. The unit also includes an electric range and refrigerator.
The secure building has passed its 50-year certification and offers a community pool with ocean views. Public water and sewer serve the property, with water available as a listed utility. Shopping, casinos, grocery stores, and restaurants are located nearby. No rentals are allowed.
The secure building has passed its 50-year certification and offers a community pool with ocean views. Public water and sewer serve the property, with water available as a listed utility. Shopping, casinos, grocery stores, and restaurants are located nearby. No rentals are allowed.
Key Highlights
- 728‑square‑foot oceanfront residence with 1 bedroom and 1 bathroom
- Remodeled kitchen and bathroom with tile flooring throughout
- High‑impact windows and doors plus a tankless water heater
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,196
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$223,920
$223.9K
Cap Rate 7%
$159,943
$159.9K
Cap Rate 9%
$124,400
$124.4K
Market Conditions
NOI Build-Up for 728 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.3K $29.28/SF
− Vacancy
−$959 −$1.32/SF
EGI
$20.4K $27.96/SF
− OpEx
−$9.2K −$12.58/SF
NOI
$11.2K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$223,920
Cap Rate 7%
$159,943
Cap Rate 9%
$124,400
Alternative Uses
Best Use
Apartment 5plus
$159.9K
$140.0K – $186.6K
NOI $11,196 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.3K
$323.2K – $430.9K
NOI $25,854 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,291
Businesses Nearby
Explore this area
Business Placement
Demographics for 33009, FL
43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom beachfront residence with updated interiors, impact-rated openings, and access to a community pool overlooking the ocean.
Where is this residential income property located?
The property is located at 2076 S Ocean Drive Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 728‑square‑foot oceanfront residence with 1 bedroom and 1 bathroom; Remodeled kitchen and bathroom with tile flooring throughout; High‑impact windows and doors plus a tankless water heater
